Deal to sell 74% stake to Mumbai-based financial services group Edelweiss will pave way for ‘partnership’ where Engie will continue running solar assets on buyer’s behalf.
Oil major’s deal with ACS Group to amass massive pipeline in Spain marks the latest boost for the country, said by regulators to have nearly doubled PV capacity in a single year.
Middle Eastern state starts taking in applications for PV scheme that may include storage element, with tender documents suggesting bidders could have to prove storage expertise.
State’s energy commission waves through roadmap by utility SMUD to install 1.5GW of utility-scale solar, 600MW of rooftop PV and 560MW of utility-scale energy storage by 2040.
Balkan state says it is examining potential areas for solar to be rolled out in after launching EBRD-backed auction to contract utility-scale project near the coast.
Mexican solar said to have boomed to cumulative 5GW in 2019 despite rows with the government, while street protest-ridden Chile thought to have hit renewable target five years in advance.
Solar firms offer 28GW pipeline of total 51GW put forward for 28 May 2020 tender, scheduled after year when PV drew global eyes with US$17.5/MWh average tariffs.
Switching to full renewables by 2050 in line with climate goals would see global solar create 22 million of a total 35 million new energy sector jobs, with batteries employing 4.5 million.
Current pipeline lies at such advanced stages that 3.6GWac of PV and wind could be commissioned nation-wide after 2019’s market lows, say Rystad Energy consultants.
PV might have only seen 30.22GW added throughout 2019 but ‘year-end rally’ hinted at by latest NEA figures may indicate market will rebound more than expected in 2020, analysts say.
